Aberdeen Income Credit Strategies Fund

abrdn Income Credit Strategies Fund, operates as a global credit, non diversified and closed-end management investment company. It intends to seek risk-adjusted returns with high current income and the potential for capital appreciation. The company was founded on October 12, 2010 and is headquartered in Philadelphia, PA.

Global Net Lease

Oxford Lane Capital

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Ares Commercial Real Estate

AFC Gamma

Eagle Point Credit

Fidus Investment

Gladstone Investment

Granite Point Mortgage Trust

KKR Real Estate Finance Trust

Orchid Island Capital

Passive income can seem too good to be true! Money in your pocket for doing nothing?

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Diana Shipping

Medical Properties Trust

TPG RE Finance Trust

CVR Partners

AGNC Investment

Berry Petroleum Corp.

TCP Capital

These stocks can also appreciate just like any other stock. Potentially, this can boost your overall return if you decide to sell at a later date.

Want $3000 In Passive Income? Invest $1250 Into These 12 Dividend Stocks

Invesco Mortgage Capital

Passive income is one way to make your money work for you. While passive income can come through many avenues, one way to get a steady stream is through dividend-paying stocks.

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CBRE Global Real Estate Income Fund

Nuveen Credit Strategies Income Fund

PIMCO Dynamic Income Fund

RiverNorth Opportunities Fund, Inc.

Invesco Senior Income Trust

Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.

Want $5000 in Passive Income? Invest $5000 in These 7 Funds

Alpine Global Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Alpine Global Premier Properties Fund

Aberdeen Asia-Pacific Income Fund Inc

Aberdeen Global Income Fund

Aberdeen Australia Equity Fund Inc

India Fund Inc

Aberdeen Japan Equity Fund Inc

abrdn World Healthcare Fund 

Delaware Investments

This release provides an update to the performance tables regarding the IAF Estimated Amounts of Current Distribution per Share and Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share PHILADELPHIA, PA / ACCESSWIRE / February 13, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP),(NYSE:AGD),(NYSE:AOD),(NYSE:ASGI),(NYSE:AWP),(NYSE:IFN),(NYSE:JEQ) and (NYSE American:FAX),(NYSE American:FCO),(NYSE American:IAF),(NYSE American:THW),(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on February 29, 2024 to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024). These dates apply to the Funds listed below with the exception of the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on March 28, 2024, to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024).

CORRECTION: abrdn U.S. Closed-End Funds Announce Distribution Payment Details

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Virtus Stone Harbor Emerging Markets Income Fund 

I am an income-oriented investor focused on high-yield closed-end funds and ETFs to compound returns in retirement. Income investing requires picking investments that provide a steady distribution, rather than trying to time the market.

Four Unloved Income Funds With Ultra High Yield (15%+) Distributions

KKR Income Opportunities Fund

PIMCO Access Income Fund

PCM Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Global Stockplus & Income Fund

PIMCO Corporate & Income Opportunity Fund

PIMCO Strategic Income Fund Inc

We provide an update for the PIMCO CEF suite. Coverage for PIMCO CEFs saw marginal declines for Muni funds and remained nearly flat for taxable funds. Borrowing and leverage levels remained fairly steady.

PIMCO CEF Update: PIMCO Struggled To Outperform Last Year

PHILADELPHIA, PA / ACCESSWIRE / January 19, 2024 / abrdn Income Credit Strategies Fund (NYSE:ACP) (the "Acquiring Fund") announced that it held a special meeting of shareholders on January 19, 2024 (the "Meeting") at which shareholders of the Acquiring Fund voted to approve the issuance of additional shares of ACP in connection with the proposed reorganization of the First Trust-advised closed-end funds, as noted below. As of the record date, October 23, 2023, ACP had outstanding 52,109,950 shares of common stock and 1,600,000 shares of outstanding preferred stock.

abrdn Income Credit Strategies Fund (ACP) Announces Results of the Special Shareholder Meeting Relating to Proposed Reorganization with Two First Trust-Advised Closed-End Funds

abrdn Life Sciences Investors 

PHILADELPHIA, PA / ACCESSWIRE / January 10, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:AGD)(NYSE:AOD)(NYSE:ASGI)(NYSE:AWP) and (NYSE American:FAX)(NYSE American:FCO)(NYSE American:THQ)(NYSE American:THW)(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on January 31, 2024 to all shareholders of record as of January 24, 2024 (ex-dividend date January 23, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.0650 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.0575 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.1600 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American Abrdn Asia-Pacific Income Fund, Inc. $ 0.0275 FCO NYSE American abrdn Global Income Fund, Inc. $ 0.0700 THQ NYSE American abrdn Healthcare Opportunities Fund $ 0.1125 THW NYSE American abrdn World Healthcare Fund $ 0.1167 VFL NYSE American abrdn National Municipal Income Fund $ 0.0375 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.

abrdn U.S. Closed End Funds Announce Distribution Payment Details

The abrdn Income Credit Strategies Fund has a high distribution rate of over 17%, but it is not fully covered by income generated from the fund. ACP charges a high management fee and has a history of risk-adjusted underperformance. The fund's current 3.3% discount to NAV is not attractive relative to historical norms and other CEF discounts.

ACP: Strong Sell Despite 17% Distribution Rate

PHILADELPHIA, PA / ACCESSWIRE / December 11, 2023 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA) ("Series A Preferred Shares"). The distribution is payable on January 2, 2024 to holders of Series A Preferred Shares of record on December 22, 2023 (ex-dividend date December 21, 2023).

abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declares Quarterly Dividend

Abrdn Asset Management is acquiring several closed-end investment companies advised by First Trust Advisors, increasing its assets under management. The abrdn Income Credit Strategies Fund is set to acquire the First Trust High Income Long/Short Fund, with the merger subject to shareholder approval. The market currently values ACP more positively than FSD, with ACP trading at a -6% discount to NAV compared to FSD's -13% discount.

ACP: About To Get Larger Again (Rating Downgrade)

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of each of the Acquired Funds, listed below, approved the proposed reorganization of the Acquired Fund into the respective Acquiring Fund (the “Reorganizations”). Acquired Fund Acquiring Fund Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (“MFD”) abrdn Global Infrastructure Income Fund (“ASGI”) First Trust High Income Long/Short Fund (“FSD”) abrdn Income.

First Trust Advisors Announces Proposed Reorganization of Four First Trust Advised Closed-End Funds into Three abrdn Advised Closed-End Funds

PHILADELPHIA, PA / ACCESSWIRE / October 23, 2023 / The Board of Trustees of each of the Acquiring Funds, listed below, announces the proposed reorganization of several closed-end investment companies advised by First Trust Advisors, L.P. into the respective Acquiring Funds ("Reorganizations").

abrdn's U.S. Closed-End Funds Announce Proposed Acquisition of Assets of Four First Trust Advised Closed-End Funds

The abrdn Income Credit Strategies Fund offers a high level of current income with a 17.14% distribution yield. The fund's net assets have been declining, but it has not altered its distribution and has released a semi-annual report. The fund has been rising in share price over the past three months, indicating improved market perception, but it is no longer trading at a discount on net asset value.

ACP: Solid Foreign Exposure, And A Fully-Covered 17% Yield

Investors today are desperate for income due to the rapidly rising cost of living in most developed nations. abrdn Income Credit Strategies Fund invests in a portfolio of bonds from around the world in an attempt to provide investors with this high level of income. The fund's portfolio is very nice for American investors that need to increase their foreign exposure.

ACP: International Exposure With A High Yield

ARMOUR Residential REIT

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Ellington Residential Mortgage REIT

Ellington Financial

Franklin International Aggregate Bond ETF

Gladstone Commercial

Modiv

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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San Juan Basin Royalty Trust

SL Green Realty

Credit Suisse X-Links Silver Shares Covered Call ETN

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89 Monthly Paying Dividend Stocks And 80 Funds For April

ACP is a high yield CEF. The fund recently merged with IVH on a NAV for NAV basis.

ACP: Becoming Interesting Again

BlackRock Floating Rate Income Trust

Blackrock Floating Rate Income Strategies Fund Inc

19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week.

Weekly Closed-End Fund Roundup - March 5, 2023

IVH is set to be merged into ACP on March 10, 2023. Although it has narrowed, the two CEFs are still trading with a difference in discounts to net asset value.

IVH: Last 3 Days To Get A 6% Discount On ACP

Apollo Tactical Income Fund, Inc.

Ares Dynamic Credit Allocation Fund

John Hancock Financial Opportunities Fund

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eagle Point Income Company Inc

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Gabelli Multimedia Trust

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

MainStay MacKay DefinedTerm Municipal Opportunities Fund

Neuberger Berman Intermediate Municipal Fund Inc

Neuberger Berman California Intermediate Municipal Fund Inc

Nuveen Dynamic Municipal Opportunities Fund

0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results.

Weekly Closed-End Fund Roundup: February 19, 2023

ACP is overvalued heading into its merger with IVH. Potentially make 10% in two weeks by selling ACP and buying IVH.

CEF Merger Arbitrage: Sell ACP And Buy IVH

BlackRock Energy and Resources Trust

Blackrock Investment Quality Municipal Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

BNY Mellon Strategic Municipals, Inc.  

Neuberger Berman MLP Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

RENN Fund

1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

Weekly Closed-End Fund Roundup:  February 12, 2023

Virtus AllianzGI Diversified Income & Convertible Fund

BlackRock Science & Technology

Calamos Global Total Return Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Mortgage Opportunity Term Fund

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

News for Aberdeen Income Credit Strategies Fund ETF (ACP)